Nasdaq Seeks Product Manager to Lead Tokenization Efforts
Nasdaq, a leading global exchange operator and market technology provider, is currently looking for a skilled product manager to drive its tokenization initiatives amidst a growing trend on Wall Street to migrate traditional assets onto blockchain platforms.
This New York-based role will be responsible for overseeing the entire product lifecycle of digital asset issuance, starting from the initial concept phase to achieving widespread institutional adoption, as mentioned in a recent LinkedIn post.
The ideal candidate for this position must be able to work closely with broker-dealers, custodians, and market operators to create workflows that meet both regulatory requirements and operational standards.
Key duties for this role include managing token generation processes, overseeing corporate actions like dividends and proxy voting, and establishing compliance structures for identity verification and sanctions screening.
Nasdaq’s decision to hire a product manager follows its recent filing with the SEC to enable trading of tokenized forms of its listed equities, aligning with the regulator’s broader agenda to potentially permit cryptocurrency activities on national exchanges.
During the ETHDenver conference, SEC Chair Paul Atkins and Commissioner Hester Peirce revealed details about an upcoming innovation exemption designed for tokenized securities.
Presented as a cautious and gradual progression, this exemption would allow controlled experimentation with on-chain trading utilizing specialized transfer agents, whitelisting, volume limitations, and temporary waivers of certain regulations to test decentralized finance (DeFi) mechanisms such as Automated Market Makers (AMMs).
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